AKRA – Collaborates with BP Gas & Power Investment Limited in KEK Gresik

AKRA – Collaborates with BP Gas & Power Investment Limited in KEK Gresik AKR Corporindo (AKRA) signed a joint development agreement with Bp Gas & Power Investment Limited (BP) to develop an LNG import project involving a regasification terminal at Java Integrated Industrial and Port Estate (KEK JIIPE) in Gresik, East Java. The project is designed to provide gas supply for KEK JIIPE tenants and has the potential for excess capacity that can be used to supply gas pipelines that have been built in East Java. The project was signed on December 4, 2023 and will begin operations in 2027. Note that, AKRA distributed its second interim dividend for 2023 on November 15, 2023 worth IDR25 per share or a total of IDR493.42 bn. (Source: Investor Daily)